1. Summary Information
|
|
|
Country |
India |
|
Company Name |
J P PROCESSORS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajesh Kapoor |
|
Status |
Moderate |
Principal Name 2 |
Mr. Pyara Lal |
|
|
|
Registration # |
16-021006 |
|
Street Address |
Village Balkalan, Majitha Road, Amritsar – 143001, Punjab, India |
||
|
Established Date |
27.01.1998 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Textiles Processors |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
State Bank of Patiala |
|
Public Limited Corp. |
No |
Business Period |
14 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
39,095,000 |
Current Liabilities |
18,745,000 |
|
Inventories |
8,100,000 |
Long-term Liabilities |
40,514,000 |
|
Fixed Assets |
28,834,000 |
Other Liabilities |
1,813,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
61,072,000 |
|
Invest& other Assets |
2,065,000 |
Retained Earnings |
7,022,000 |
|
|
|
Net Worth |
17,022,000 |
|
Total Assets |
78,094,000 |
Total Liab. & Equity |
78,094,000 |
|
Total Assets (Previous Year) |
67,229,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Including other income) |
109,760,000 |
Net Profit |
866,000 |
|
Sales(Previous yr) (Including other income) |
84,283,000 |
Net Profit(Prev.yr) |
716,000 |
|
Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
J P PROCESSORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Balkalan, Majitha Road, Amritsar – 143001, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
27.01.1998 |
|
|
|
|
Com. Reg. No.: |
16-021006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18201PB1998PTC021006 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Textiles Processors |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 68000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Village Balkalan, Majitha Road, Amritsar – 143001, Punjab, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Rajesh Kapoor |
|
Designation : |
Director |
|
Address : |
239, Gali Lajpat Rai, Amritsar – 143001, Punjab, India |
|
Date of Appointment : |
13.06.2002 |
|
DIN No.: |
01421748 |
|
|
|
|
Name : |
Mr. Pyara Lal |
|
Designation : |
Director |
|
Address : |
24-A, Anand Avenue, Amritsar – 143001, Punjab, India |
|
Date of Appointment : |
28.01.1998 |
|
DIN No.: |
01430323 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Jugal Kishore Kapoor |
|
174250 |
|
Panna Lal Kapoor |
|
99600 |
|
Pyara Lal Kapoor |
|
132950 |
|
Sanjeev Kumar |
|
79200 |
|
Rajesh Kapoor |
|
108100 |
|
Anjana Kumari |
|
13700 |
|
Sunil Kumar |
|
81400 |
|
Ashu Kapoor |
|
32700 |
|
Kamlesh Kumari |
|
25000 |
|
Kanika Kapoor |
|
9800 |
|
Ritu Kapoor |
|
9200 |
|
Shalini Kapoor |
|
9000 |
|
Sumita Kapoor |
|
10300 |
|
Vandana Kapoor |
|
35300 |
|
Vikas Kapoor |
|
29100 |
|
Kiran Kapoor |
|
150400 |
|
|
|
|
|
Total |
|
1000000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Textiles Processors |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· State Bank of Patiala Rasmeccc, Mall Road, Amritsar – 143001, Punjab, India · The Karur Vysya Bank Limited 4-Lawrence Road, Amritsar - 143001,Punjab, India · ĎDBI Bank · The Jammu and Kashmir Bank Limited · Oriental Bank of Commerce |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Arora Sunil and Associates Chartered Accountant |
|
Address : |
Katra Ahluwalia, Amritsar – 143001, Punjab, India |
|
PAN No.: |
AAMPA8915C |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7.022 |
5.636 |
5.760 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
17.022 |
15.636 |
15.760 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.085 |
4.572 |
0.390 |
|
|
2] Unsecured Loans |
34.429 |
23.463 |
14.442 |
|
|
TOTAL BORROWING |
40.514 |
28.035 |
14.832 |
|
|
DEFERRED TAX LIABILITIES |
1.813 |
1.813 |
2.336 |
|
|
|
|
|
|
|
|
TOTAL |
59.349 |
45.484 |
32.928 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.834 |
24.579 |
16.123 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.065 |
1.922 |
1.020 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.100
|
11.912 |
5.636 |
|
|
Sundry Debtors |
31.315
|
23.946 |
24.219 |
|
|
Cash & Bank Balances |
2.075
|
1.748 |
1.202 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.705
|
3.122 |
4.822 |
|
Total
Current Assets |
47.195
|
40.728 |
35.879 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
18.745
|
19.897 |
18.440 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
1.848 |
1.654 |
|
Total
Current Liabilities |
18.745
|
21.745 |
20.094 |
|
|
Net Current Assets |
28.450
|
18.983 |
15.785 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
59.349 |
45.484 |
32.928 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
109.760 |
84.283 |
79.050 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
106.569 |
81.688 |
76.741 |
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.191 |
2.595 |
2.309 |
|
|
|
|
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|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.125 |
1.624 |
1.388 |
|
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|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.066 |
0.971 |
0.921 |
|
|
|
|
|
|
|
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|
Less |
TAX |
0.200 |
0.255 |
0.270 |
|
|
|
|
|
|
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|
|
|
PROFIT AFTER TAX
|
0.866 |
0.716 |
0.651 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.86 |
0.72 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.79
|
0.85 |
0.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.40
|
1.49 |
1.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.17 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.48
|
3.18 |
2.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.52
|
1.87 |
1.79 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate identity
number of the company |
U18201PB1998PTC021006 |
|
Name of the
company |
J P PROCESSORS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Village Balkalan,
Majitha Road, Amritsar, Punjab, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable Property Movable property (not being pledge) |
|
Particular of charge
holder |
State Bank of
Patiala Rasmeccc, Mall
Road, Amritsar – 143001, Punjab, India |
|
Nature of
description of the instrument creating or modifying the charge |
1. Agreement of
Loan cum Hypothecation (SME-2) 2. Letter of
confirmation for extension of mortgage by deposit of title deeds (SME-8) |
|
Date of
instrument Creating the charge |
27/12/2011 |
|
Amount secured by
the charge |
Rs.3.000 Millions
|
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Interest @ 3.25 %
above BR of the bank which is presently 10.50 % p.a. Present Effective
Rate:- 13.75 % p.a. Terms of
Repayment Repayable in 57
monthly installments of Rs.0.053 Million plus interest. First instalment
to commence from April 2012. Margin 42.50 % Extent and
Operation of the charge 100 % |
|
Short particulars
of the property charged |
Hypothecation of machinery
to be purchased by bank's finance. Extension of
scope on factory Land and Building measuring 4K-1M i.e. 2450.25 sq. yards
Bearing Khasra No.130/21 (3-13) min, 131/25 (0-8) Min, Khewat Khatouni No.
20/24, 21/25 Jamabandi for the year 2001-02 situated at Rakba Village Bal
Kalan, Majitha Road, Amritsar registered
in the name of the company vide Vasika No. 2960 dt. 28/05/2007. |
FIXED ASSETS:
· Land
· Building
· Machinery
· Vehicles
· Computer
· Furniture
· Car
· Refrigerator
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.07 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.